Charles Schwab Investment Management Inc. Increases Stock Position in Marcus & Millichap, Inc. (NYSE:MMI)

Charles Schwab Investment Management Inc. boosted its stake in shares of Marcus & Millichap, Inc. (NYSE:MMI) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 403,560 shares of the real estate investment trust’s stock after buying an additional 18,785 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.04% of Marcus & Millichap worth $15,440,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MMI. Oppenheimer Asset Management Inc. boosted its stake in Marcus & Millichap by 6.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,651 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 530 shares during the period. Natixis Advisors LLC boosted its stake in Marcus & Millichap by 15.7% during the third quarter. Natixis Advisors LLC now owns 21,377 shares of the real estate investment trust’s stock worth $847,000 after buying an additional 2,895 shares during the period. BNP Paribas Financial Markets boosted its stake in Marcus & Millichap by 8.4% during the third quarter. BNP Paribas Financial Markets now owns 5,165 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Marcus & Millichap by 1.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 62,522 shares of the real estate investment trust’s stock worth $2,478,000 after buying an additional 1,120 shares during the period. Finally, State Street Corp boosted its stake in Marcus & Millichap by 0.3% during the third quarter. State Street Corp now owns 910,655 shares of the real estate investment trust’s stock worth $36,319,000 after buying an additional 2,877 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

Insider Transactions at Marcus & Millichap

In related news, insider Gregory A. Laberge sold 2,915 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $34.78, for a total value of $101,383.70. Following the sale, the insider now owns 2,307 shares of the company’s stock, valued at $80,237.46. This trade represents a 55.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 39.20% of the company’s stock.

Marcus & Millichap Price Performance

Shares of MMI stock opened at $35.91 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of -112.22 and a beta of 1.15. Marcus & Millichap, Inc. has a 1-year low of $29.93 and a 1-year high of $42.80. The company has a 50-day moving average of $37.12 and a two-hundred day moving average of $38.37.

Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Friday, February 14th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.28. The business had revenue of $240.08 million for the quarter. Marcus & Millichap had a negative net margin of 1.78% and a negative return on equity of 1.98%. During the same period in the prior year, the company posted ($0.27) EPS.

Marcus & Millichap Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, April 4th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a dividend yield of 1.3%. Marcus & Millichap’s dividend payout ratio is presently -156.25%.

Marcus & Millichap Profile

Marcus & Millichap, Inc engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.